Hisar Spinning Mills (BOM:521068) Interest Expense : ₹-2.4 Mil (TTM As of Mar. 2024)

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What is Hisar Spinning Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hisar Spinning Mills's interest expense for the three months ended in Mar. 2024 was ₹ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2.4 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Hisar Spinning Mills's Operating Income for the three months ended in Mar. 2024 was ₹ 9.8 Mil. Hisar Spinning Mills's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.4 Mil. Hisar Spinning Mills's Interest Coverage for the quarter that ended in Mar. 2024 was 25.93. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hisar Spinning Mills Interest Expense Historical Data

The historical data trend for Hisar Spinning Mills's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hisar Spinning Mills Interest Expense Chart

Hisar Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2.14

-0.79

-0.98

-3.10

-2.37

Hisar Spinning Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.70	-0.71	-0.59	-0.69	-0.38

Hisar Spinning Mills Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2.4 Mil.

Hisar Spinning Mills (BOM:521068) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hisar Spinning Mills's Interest Expense for the three months ended in Mar. 2024 was ₹-0.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹9.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹20.3 Mil.

Hisar Spinning Mills's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	9.8	/	-0.378
	=	25.93

The higher the ratio, the stronger the company's financial strength is.

Hisar Spinning Mills (BOM:521068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hisar Spinning Mills Ltd (BOM:521068) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Hisar Bhiwani Road, 9th KM Stone, Village and Post Office Dabra, Hisar, HR, IND, 125005

Website

https://www.hisarspinningmills.com

Hisar Spinning Mills Ltd is a textile manufacturing company. It is engaged in the business of trading of cotton yarns in India. The company has installed open-end machines with approximately 672 rotors along with ring doublers which have a capacity of approximately 2200 metric ton to produce cotton yarns.

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